Good MorningEquities slipped again on Thursday following a weaker than expected jobless claims report and guidance from Walmart. On the earnings front guidance from Walmart put the market’s expectations in sharp contrast with reality. Walmart says growth is expected to continue in 2021 but at a much slower pace than in 2020. The news is not the first of its kind and sent the major indices down 0.25% to 0.75% with tech leading the losses.
On the economic front, the weekly initial jobless claims figures rose slightly versus an expected decline of 100,000 or roughly 12.5%. The increase keeps the spotlight on unemployment although other figures within the report are more promising. Both the number of continuing claims and total claims fell in the reporting period and point to rapidly declining unemployment.
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Stocks | | |
With the price of copper showing serious strength and recently soaring to new 8-year highs, taking a look at companies that offer exposure to this commodity might be a move that pays off for investors. It’s a versatile metal that has a ton of different industrial applications and is often us... Read the Full Story |
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Politics | | | BRUSSELS — The European Union’s executive commission plans to double its contribution to the World Health Organization’s COVAX program, bringing the 27-nation bloc’s commitment to the initiative to deliver vaccines to poor nations to 1 billion euros ($1.2 billion).
According to an EU ... Read the Full Story |
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Politics | | | NAIROBI, Kenya — An African Union-created task force working to secure COVID-19 vaccines says Russia has offered 300 million doses of the country’s Sputnik V vaccine.
The director of the Africa Centers for Disease Control and Prevention, John Nkengasong, said in a statement Friday tha... Read the Full Story |
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Tech | | | Toshihiro Mibe, a research expert tapped to be president of Japanese automaker Honda on Friday, promised to steer the company toward new growth by focusing on ecological models and safety technology.
Honda Motor Co. said Mibe replaces Takahiro Hachigo effective April 1, and subject t... Read the Full Story |
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Politics | | | HONG KONG— China's Sinovac delivered 1 million doses of its COVID-19 vaccine CoronaVac to Hong Kong on Friday evening.
Government officials approved Sinovac’s two-dose vaccine on Thursday. The semi-autonomous city is relying on three vaccines and has purchased 22.5 million doses in to... Read the Full Story |
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Tech | | | The U.K. Supreme Court ruled Friday that Uber drivers should be classed as “workers" and not self employed, in a decision that threatens its business model and holds broader implications for the so-called gig economy.
The Supreme Court's seven judges unanimously rejected Uber's appeal... Read the Full Story |
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Markets | | |
Hearing about a huge win these days in earnings reports is something of a minor miracle and one that Deere & Company (NYSE:DE) pulled off in a big way. The company turned in earnings approaching nearly double what analysts expected, and considering the year we've had in commodities, looking fo... Read the Full Story |
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Markets | | | Hormel (NYSE:HRL) is by far one of the better consumer staples companies on the market. The downside for investors is that, with such a fine pedigree, it is a stock people want to own and that tends to keep share prices up Read the Full Story |
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Markets | | | It’s A New Day For Jack In The Box, Inc
Jack In The Box (NASDAQ:JACK) is fast becoming a force to be reckoned with in the fast-food wars. Long a stagnant brand, the new CEO Darrin Harris is bringing new life to the company. The timing of his entrance was perfect, under his leadership the comp... Read the Full Story |
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Markets | | | The rebound in the used-car market is yet to run its course and that is evident in results from America’s Car-Mart (NASDAQ:CRMT). What is also evident in the results is that it doesn’t take eCommerce to get business done and grow a car company. Read the Full Story |
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The Early Bird Stock Of The Day Green Brick Partners, Inc. is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes. The Builder operations Southeast operates builders in Georgia and Florida. The Land Development segment acquires land for the development of residential lots that are transferred to our controlled builders or sold to third party homebuilders. It also provides financial services platform, including mortgage and title services. In addition, the company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. Green Brick Partners, Inc. was incorporated in 2006 and is based in Plano, Texas. | | View Today's Stock Pick |
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